WealthCare Investment Partners LLC Takes $207,000 Position in Visa Inc. (NYSE:V)

WealthCare Investment Partners LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 658 shares of the credit-card processor’s stock, valued at approximately $207,000.

Several other institutional investors have also added to or reduced their stakes in the company. Sunpointe LLC increased its position in Visa by 3.8% during the fourth quarter. Sunpointe LLC now owns 4,237 shares of the credit-card processor’s stock worth $1,339,000 after acquiring an additional 154 shares during the period. Jacobson & Schmitt Advisors LLC grew its position in shares of Visa by 1.0% during the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 40,982 shares of the credit-card processor’s stock worth $12,952,000 after purchasing an additional 408 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Visa by 0.5% in the fourth quarter. Cumberland Partners Ltd now owns 152,652 shares of the credit-card processor’s stock valued at $48,244,000 after buying an additional 750 shares in the last quarter. Abacus Planning Group Inc. boosted its stake in shares of Visa by 8.1% in the fourth quarter. Abacus Planning Group Inc. now owns 1,630 shares of the credit-card processor’s stock valued at $515,000 after buying an additional 122 shares during the period. Finally, Ieq Capital LLC grew its position in Visa by 7.0% during the fourth quarter. Ieq Capital LLC now owns 179,101 shares of the credit-card processor’s stock worth $56,603,000 after buying an additional 11,647 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Barclays upped their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Macquarie lifted their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Stock Down 0.6 %

NYSE:V opened at $348.27 on Friday. Visa Inc. has a one year low of $252.70 and a one year high of $357.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $647.01 billion, a PE ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97. The firm’s 50 day simple moving average is $329.14 and its 200 day simple moving average is $302.34.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This represents a 17.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,885 shares of company stock valued at $19,161,447. Company insiders own 0.13% of the company’s stock.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.